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Make Sure Your Free Credit Score is FREE

23 Mar

In one of my recent blog posts I mentioned that I was looking for a house to rent. I applied for one last week but hadn’t heard back from them (until this afternoon). I was starting to get concerned that I hadn’t gotten the place. I knew I made enough money to afford the rent, so that shouldn’t have been the issue. I started to think of other reasons I might have gotten passed up. The first thing that came to my mind was my credit score. What was it? Could I have missed a payment on something? Maybe that credit card I never activated affected me negatively? With all these questions about my credit going through my mind I remembered the popular jingle from freecreditreport.com. I decided to go on and check it out. After all it should be free. Their name has the word free in it.

 I went to their website and started filling out their questions. Once I was through, they gave me the option to wait two days and get my credit score for free or pay $1 and get it instantly. I was there to get it for free, so naturally I waited. Once I got my score back I was happy. It’s very good considering one of my credit cards is new, and I’ve never purchased real estate. I was so pleased with my score I decided to tell my girlfriend’s father about it. Once I was done, he seemed interested in checking his own credit. The only thing he asked me (which I’m glad he did) is if the website is secure. I wasn’t totally sure. At this point I was praying it was. I decided to do a little research to make sure. To my relief, everything seemed to check out OK. I was glad to find out my information was safe, but I was disturbed to also find out that after seven days they were going to start billing me almost $20 a month to track my credit score. Now, I know it’s my fault that I didn’t read the fine print, but the word FREE is in the name FREEcreditreport.com. I was able to call them and cancel my account before they charged me, but that’s how they make their money. I thought it was funny because when you call them to cancel they immediately offer you 50% off the first six months. I guess their accustomed to people actually wanting a free credit report.

This whole story boils down to a few things:

1) You can get a free credit score. One way to do it is to go to freecreditreport.com. Then, select to wait two days. After you get your score call them and cancel (you have 7 days from when you sign up). You don’t even have to talk to anyone. It’s all automated. I would recommend keeping the cancellation e-mail they send you just in case.

2) If you want to track your credit score you can get 50% off the first 6 months by signing up and then threaten to cancel your account.

P.S. I ended up getting the house!

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8 Comments

Posted by on March 23, 2012 in Uncategorized

 

8 responses to “Make Sure Your Free Credit Score is FREE

  1. Ryan

    March 23, 2012 at 8:47 AM

    When I worked at a bank I would get customers that had overdrawn accounts because they were being charged from “free” credit report websites. I think it’s very deceiving what they do. I’ve heard you can get your score for free without having to go through any loops. I think the website is annualcreditreport.com

     
    • Chris Neighbors

      March 23, 2012 at 9:29 AM

      Yeah it’s definitely has questionable business practices. I just like to feel like I beat the system!

       
  2. DiabeticallyYours

    March 23, 2012 at 4:00 PM

    Yay you got the house!
    And I’m glad you could cancel before they changed you the 20$/month! Quite frankly, I don’t know why I would want to track my credit score every month though… Not in a business to care about that!

     
    • Chris Neighbors

      March 23, 2012 at 4:37 PM

      You would track it to make sure someone didn’t steal your identity. It can also let you know if you forget to pay for something.

       
      • DiabeticallyYours

        March 24, 2012 at 4:02 AM

        Oh I see! Interesting! As you may have guessed, I’m the worst when it comes to finances… Speaking of which, I’ve heard that having your credit checked often lowers your score, is that true?

         
      • Chris Neighbors

        March 24, 2012 at 8:21 AM

        Yes. I’m not exactly sure why but I know it can go dowb because of that. Credit scores are so tricky. I mean why would having debt be a good thing? Yet the banks reward us for it.

         
      • Harper Shelby

        April 27, 2012 at 11:03 AM

        Part of the rationale for this is that someone whose credit score is being checked frequently is applying for a LOT of credit. This does (and should) make people offering the credit nervous.

         
  3. handmade teddy bears

    August 5, 2013 at 8:40 AM

    Excellent blog here! Also your site loads up fast! What web host are you using?
    Can I get your affiliate link to your host? I wish my site loaded up
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